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PerTrac Offers Cloud-based Reporting Service to Hedge Fund Administrators

By Raju Shanbhag
TMCnet Contributor

Offering hedge fund administrators the ability to deliver performance tear sheets to their hedge fund clients, PerTrac, has announced a new service named RaaS.

PerTrac RaaS frees fund administrators from the time and expense of calculating performance measurements and producing customized reports and is accessible via a cloud-based service. PerTrac supplies the analytics and the reports which enable fund administrators to generate customized performance reports for each of their hedge fund clients within the fund administrator’s platform or portal. As independent, third-party verification of their hedge fund performance, hedge fund managers can offer these alternative tear sheets to investors, the company stated in a press release.

“Transparency, governance and independence in the assessment and reporting of all performance related measurements and processes continue to be the main concern of every institutional investor,” said Lisa Corvese, Managing Director for Global Business Strategy at PerTrac in a company press release.

Debuting at a time when institutional investors are demanding more transparency and independent verification of performance results from hedge funds, the new solution, called PerTrac Reporting-as–a-Service (RaaS), enables new capabilities. Fund administrators are responsible for the books and records of their hedge fund clients. They compute a hedge fund’s profits and losses and keep track of monthly or quarterly NAV, accounting for investor contributions and withdrawals. Making comparing apples to apples that much easier for both hedge fund managers, PerTrac RaaS standardizes the performance reporting.

Recently, the company announced the release of PerTrac RiskPlus 1.2, an advanced risk analysis module designed to help institutional investors and portfolio managers decompose hidden risks through the use of multivariate factor analysis, stress testing, and risk budgeting. PerTrac RiskPlus is built in partnership with FinAnalytica, the leading provider of performance and position based risk solutions for allocators. A key problem for institutional investors has been that illiquid assets such as private equity, real estate and other alternative investments are hard to value.